USO — United States Oil Fund, LP
$169.53+4.32%
Last close: · regular session
After-hours $169.51 -0.01% ·
Last 60 sessions
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USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. USO is structured as a commodities pool, so expect a K-1 at tax time. Long-term holders will be taxed on any gains even if they didn't sell shares.
Company profile
- Sector: Financial Services
- Industry: Asset Management
- Country: US
- Exchange: AMEX
- Employees: 0
- Website: https://www.uscfinvestments.com/uso
Latest SEC filings for USO
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